{"id":19791,"date":"2025-03-22T10:00:27","date_gmt":"2025-03-22T10:00:27","guid":{"rendered":"https:\/\/cryptd.in\/dogecoin-breaks-under-ascending-triangle-16-crash-incoming\/"},"modified":"2025-03-22T10:00:27","modified_gmt":"2025-03-22T10:00:27","slug":"dogecoin-breaks-under-ascending-triangle-16-crash-incoming","status":"publish","type":"post","link":"https:\/\/cryptd.in\/fr\/dogecoin-breaks-under-ascending-triangle-16-crash-incoming\/","title":{"rendered":"Dogecoin Breaks Under Ascending Triangle: 16% Crash Incoming?"},"content":{"rendered":"<p>An analyst has pointed out how Dogecoin could end up seeing an extended drawdown, based on this Ascending Triangle pattern forming in its hourly price.<\/p>\n<h2>Dogecoin Has Lost The Support Of An Ascending Triangle Recently<\/h2>\n<p>In a new <a href=\"https:\/\/x.com\/ali_charts\/status\/1903020257125535788\" target=\"_blank\" rel=\"noopener nofollow\">poste<\/a> on X, analyst Ali Martinez has talked about an Ascending Triangle pattern for Dogecoin. The \u201c<a href=\"https:\/\/www.newsbtc.com\/news\/solana\/solana-sets-565-target\/\" target=\"_blank\" rel=\"noopener \">Ascending Triangle<\/a>\u201d refers to a technical analysis (TA) formation that appears when the price of an asset consolidates inside a triangular region.<\/p>\n<p>The \u2018Ascending\u2019 in the pattern\u2019s name comes from the fact that this consolidation happens towards a net upside. There are two trendlines in this pattern: an upper level that\u2019s parallel to the time-axis, tracing successive highs, and a lower one that has a positive slope, connecting successive higher lows.<\/p>\n<p>Just like with any other consolidation pattern in TA, the upper level of the triangle is likely to be a source of resistance in the near future, while the lower one that of support. A break out of either of these boundaries can signal a continuation of trend in that direction.<\/p>\n<p>The Ascending Triangle isn\u2019t the only type of triangular pattern in TA, two other popular varieties include the <a href=\"https:\/\/www.newsbtc.com\/news\/ethereum\/ethereum-breaks-out-of-descending-triangle-pattern-fakeout-or-recovery-rally\/\" target=\"_blank\" rel=\"noopener \">Descending Triangle<\/a> et <a href=\"https:\/\/www.newsbtc.com\/news\/ethereum\/ethereum-stays-within-symmetrical-pattern-analyst-sets-eth-target\/\" target=\"_blank\" rel=\"noopener \">Symmetrical Triangle<\/a>. The former of these is just the opposite of the Ascending Triangle: it forms when the price consolidates to the downside instead.<\/p>\n<p>The latter, the Symmetrical Triangle, is a sort of middle-ground between the Ascending and Descending versions, with both of its trendlines having an equal and opposite slope. That is, when the asset is inside this pattern, it converges at a mid-point.<\/p>\n<p>Recently, Dogecoin\u2019s 1-hour price looked like it was following an Ascending Triangle. Here is the chart shared by Martinez, that shows this pattern for the memecoin:<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GmjgdVKW8AAT2KA?format=jpg&amp;name=medium\" alt=\"Dogecoin Ascending Triangle\" width=\"1200\" height=\"798\" loading=\"lazy\" \/><\/p>\n<p>As is visible in the above graph, the hourly Dogecoin price recently made a retest of the lower line of this Ascending Triangle, but it would appear the coin has been unsuccessful in finding support at it, as it has slipped right through.<\/p>\n<p>From the graph, it\u2019s apparent that the memecoin wasn\u2019t far from the apex of the triangle when this break came. Consolidation gets narrower as an asset reaches the end of the pattern, so breakouts start to become more likely.<\/p>\n<p>As mentioned before, a breakout can mean a potential continuation of trend in the direction of the break. So, in this case, DOGE has just witnessed a bearish signal. Often, the length of a move emerging out of an Ascending Triangle breakout is of the same length as the height of the triangle itself. Based on this, the analyst notes a 16% price swing could occur for the coin as a result of pattern.<\/p>\n<h2>DOGE Price<\/h2>\n<p>Dogecoin has taken to flat movement in the past week as its price is still floating around the $0.16 mark.<\/p>\n<p><img decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/vYN1Hgwd\/\" alt=\"Dogecoin Price Chart\" width=\"1438\" height=\"842\" loading=\"lazy\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>An analyst has pointed out how Dogecoin could end up seeing an extended drawdown, based on this Ascending Triangle pattern forming in its hourly price. Dogecoin Has Lost The Support Of An Ascending Triangle Recently In a new post on X, analyst Ali Martinez has talked about an Ascending Triangle pattern for Dogecoin. The \u201cAscending [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dogecoin Breaks Under Ascending Triangle: 16% Crash Incoming? - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/fr\/dogecoin-breaks-under-ascending-triangle-16-crash-incoming\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dogecoin Breaks Under Ascending Triangle: 16% Crash Incoming? - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"An analyst has pointed out how Dogecoin could end up seeing an extended drawdown, based on this Ascending Triangle pattern forming in its hourly price. 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